Photographer: Dhiraj Singh/Bloomberg

Modi's $200 Billion Clean India Dream Just Got $1 Billion Closer

Updated on
  • IDBI green bond gets three times more orders than sale amount
  • Global note issuance likely to surpass $40 billion this year

Prime Minister Narendra Modi needs to invest $200 billion in seven years to clean India’s filthy air, cut greenhouse gases and build wind and solar farms. Issuance of more than $1 billion of green bonds has been a welcome first step.

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